Spot Ethereum ETFs Record Best Weekly Performance, 10-Day Inflow Streak Continues

As a seasoned researcher with a penchant for all things crypto, I must say that the recent performance of Ethereum ETFs in the United States has been nothing short of exhilarating. Having closely followed the market since its inception, this ten-day streak of positive inflows is undoubtedly one of the most impressive feats I’ve witnessed.


Over the past week, U.S.-based Ethereum ETFs (exchange-traded funds) have maintained their outstanding streak, recording ten straight days of net inflows. This consistent growth suggests a surge in investor optimism, likely fueled by the aftermath of the recent U.S. presidential elections.

In December, a continuous flow of investments into U.S.-based Ethereum Exchange-Traded Funds (ETFs) signaled a promising start to the month. These ETFs have yet to experience a prolonged phase of significant investment inflows. Consequently, this recent optimism has been reflected in the Ethereum market, with its price surpassing $4,000 for the first time since March 2024.

Spot Ethereum ETFs Register Fourth-Largest Trading Volume

On December 6th, SoSoValue’s recent data indicates a net investment of $83.3 million into U.S. Ethereum ETFs, marking the tenth consecutive day of capital inflows. This is the longest streak of investments since these ETFs were first introduced in July 2024.

It’s worth noting that a large chunk of the value contributed to Ethereum ETFs originated from Fidelity’s Ethereum Fund (symbol: FETH). As per market data, this particular ETF took the lead with approximately $47.9 million in investments flowing into it on Friday.

In recent developments, the BlackRock’s iShares Ethereum Trust (symbol: ETHA) saw an investment of more than $34.56 million. Additionally, Grayscale Ethereum Mini Trust (ETH) and Bitwise Ethereum ETF (ETHW) attracted investments worth approximately $22.9 million and $13.45 million respectively.

It is worth mentioning that the Grayscale Ethereum Trust (with the ticker ETHE) and 21Shares Core Ethereum ETF (with the ticker CETH) logged outflows of $29.59 million and $6.9 million, respectively.

In simple terms, this massive one-day income of $83.3 million has brought the total accumulated inflow over the past week to more than $836.69 million, setting a new weekly record for Ethereum ETFs since they were first launched. This is a significant jump from the previous high achieved in mid-November, which was $515 million.

On Friday, I observed a significant surge in trading activity for Ethereum Exchange-Traded Funds (ETFs), which ranked as one of the top four busiest days since their market debut. Specifically, according to SoSoValue’s data, a staggering $992.52 million worth of these ETFs were exchanged on that day, effectively concluding a substantial trading week for us analysts.

Ethereum Price At A Glance

Currently, Ether (ETH) stands at approximately $4,000, showing a minor decrease of 0.4% over the last day. However, its performance over a longer period is quite impressive – the Ethereum price has surged by over 10% in just the past week.

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2024-12-08 22:11